Allied Digital Services Limited — Interim / Quarterly Report 2020

Feb 4, 2020

A Global IT Transformation Architect.™ ==

February 04, 2020

To, To, Listing Department The Corporate Relationship Department, National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block-G, PJ. Towers, Dalal Street, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai- 400 051 Scrip Code 532875 Scrip Code - ADSL

Dear Sir/Madam,

Sub: Proceedings of Board Meeting held on February 04, 2020 pursuant to Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

With reference to the subject captioned above and in compliance with Regulation 30 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the Board of Directors of the Company at their meeting held on Tuesday, February 04, 2020 which commenced at 04:00 p.m. and concluded at 06:35 p.m., have among other matters considered and has approved the Un-audited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2019 along with Limited Review Report issued by Statutory Auditors of the Company in accordance with the Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and the same is attached: herewith. .

You are requested to kindly take note of the same.

Thanking you,

Regards, For Allied Digital Services Limited

Registered Office: Allied Digital Services Limited, Premises No. 13A, 13th Floor, Earnest House, Back Bay Reclamation, NCPA Road, Block III, Nariman Point, Mumbai - 400 021.

Independent Auditor's Review Report on the Quarterly and year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, as amended

Review Report To The Board of Directors of ALLIED DIGITAL SERVICES LIMITED

We have reviewed the accompanying statement of Standalone unaudited financial results of Allied Digital Services Limited ("the Company") for the quarter ended 31 December, 2019 and year to date from 1 April 2019 to December 2019 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulation").

The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting (Ind AS 34) specified under section 133 of the Companies Act, 2013 read with rule 3 of the Companies (Indian Accounting Standards) Rules 2015 as amended is the responsibility of the Company's management and has been approved by the Board of Directors of the company. Our responsibility is to issue a conclusion on the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Indian Accounting standard 34, Interim Financial Reporting (Ind As 34) specified under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognised accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Shah & Taparia Chartered Accountants

Membership Number: 103840 , UDIN No: 20103840AAAACT4611 Place of Signature: Mumbai Date: 04 February, 2020

Page lof1

Branch Office : B- 502, 5th Floor, Business Square, Solitare Corporate Park, Chakala, Andheri Kurla Road, Andheri East, Mumbai - 400 093. Tel.: 022 - 4211 6800 - Fax : 022 - 4211 6868

Delhi Office : 53/27, Ramjas Road, Karol Baugh, New Delhi - 110 005.-Tel.: 011 - 2872 2222 / 33333 -E-mail : delhi@shahtaparia.com

	AiticaRegistered Office: Premises No.13A, 13th Flon-, Earnest House, Back Bay Reclamation, NC*'\ Road, Block III, Nariman Point, Mumbai - 4°. 921	Digital Services Limited (CIN : L72200MH1¢ :? °LC085488)
	Statement of Standalone Unaudited Financial						(Rs. In Lakhs, unless otherwise stated)
		Results for the Quarter and nine months ended December 31, 2019Quarter Ended			Nine Month Ended	Year Ended
Sr.No.	Particulars	(Unaudited)	31st Dec 2019 30th Sept 2019 (Unaudited)	31st Dec 2018 3*St rama(Unaudited)	(Unaudited)	Stst December!(Unaudited)	31st March 2019(Audited)
1a)	Income from OperationsRevenue from Operations	2,655	227736	1,540249	6,948126	5,124308	7,523412
b)2	Other IncomeTotal income from Operations (net)Expenses	282,683	2,313,	1,789	7,073	5,433	7,935
a)b)c)	Purchase & other direct ExpensesChanges in inventoriesEmployee benefits expense	813(17)794	730(17)717	3014615	1,628(93)2,237	882(27)1,808	1,358(72)2,500
d)e)	Finance CostsDepreciation and amortisation expense	109343	129341	153342	4011,022	6891,035,	9211,385
f)	Other expensesTotal ExpensesProfit/ (Loss) from operations before exceptional items (1-2)	4812,523160	2982,198115	2761,69198	1,3216,515558	7335,121312	1,0807,173762
34	Exceptional ItemsProfit / (Loss) from ordinary activities before tax (3 + 4)	-160	-115	-98	-558	-312	3511,113
5	Tax expense	30	21(21)	34(34)	109(79)	61(61)	210(210)
6	Tax expense for current yearMAT credit	-		3761	26502	114202	150963
7	Deferred TaxNet Profit / (Loss) from ordinary activities after tax (5 - 6)	7123	8107
8a)	Other Comprehensive Income (after tax)Items that will not be Reclassified to P&LGratuity Acturial Gain/(Loss)	(9)	(9)	9	(27)	18	(35)
	b) Items that will be Reclassified Subsequently to P&LExchange Difference on Monetary Items	-	-	-	-	--	-:
9	Foreign Currency Translation DifferenceTotal Comprehensive Income (after tax)10 Paid-up equity share capital (Face Value of Rs.5/-)	-1142,510	-982,510	-702,510	:4752,510	2202,510	9282,510
1a)b)	Earning per Share (of Rs. 5/- each) (not annualised):BasicDiluted	0.250.25	0.210.21	0.120.12	1.001.00	0.400.40	1.921,92
4	The above financial results are prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under Sec 133 of the Companies Act, 2013 read with rule 3 of the}
)2)	Companies (Indian Accounting Standards) Rules 2015 and the (Indian Accounting Standards) Ammendment Rules 2016The above results were reviewed and recommended by the Audit Committee and have been approved and taken on record at the meeting of the Board of Directors of the Company held
3)	on February 04, 2020.The Statutory Auditors of the company have carried out a Limited Review of the results for the Quarter and nine months ended December 31, 2019.In accordance with Regulation 33 of the SEBI (LODR) Regulation 2015, the above unaudited Standalone Financial Results of the Compnay are posted on the Company's website i.e.
4)5)	www.allieddigital.net, on the webiste of BSE Limited (www.bseindia.com) and the National Stock Exchnage of India Limited (www.nseindia.com) where the Company's shares are listedFigures for the corresponding period / previous year				:
Notes :							For and on behalf of the Board ofOL otAllied Digital Services Limited2

allied

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NCPA Road, Block III, Nariman Point, Mumbai - 400 021.

	A Global IT Transformation Architect.™					Ss	alliedI!
		Allied Digital Services Limited(CIN:L72200MH1995PLC085488)
	egment Wise Revenue, Results and Capital Employed
					Standalone
Sr. No.	Particulars,	2019	Quarter Ended2019	31stDec 30th Sept 31stDec 3tstDec 2018	2019	Nine Month Ended2018	Year Ended31stDec 31st March2019
1	Seqment Revenue					(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)	(Rs. In Lakhs)
	Enterprise Computing based Solutions	1878)	1,596	1,232	4,907	3,741	11042
	Infrastructure Management based SolutionsUnallocated	679)126)	578139	308249	1,776390	1,384308	(6,475)3367
	Total	2,683	2,313	1,789	7,073	5,433	7,934
	Less: Inter Segment RevenueNet Sales/ Income from Operations	:2,683	-2,313	:1,789	7,073	5,433	-7,934
2	Seament Results
	(Profit before Interest, unallocable exp. and Tax )Infrastructure Management based Solutions	382	309	131	1,156	415	772
	Enterprise Computing based Solutions	710	574	767	2,146	2,384	4,497
	UnallocatedTotal		:	:	:
	Less:i) Interest	1,092109	883129	898153	3,302401	2,799690	5,270921
	ii) Un-allocable net offiii) Un-allocable income	824	639	647	2,343	1,797	3,587
	Total Profit Before Tax	159	115	98	558	312	762
3	Capital Employed*(Segment Assets - Segment Liabilities
	Total Capital Employed* The Company is not able to allocate the asset and iiabiiities under different segments of the Company	=	:	-	-	-	-

Allied Digital Services Limited

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SHAH & TAPARIA CHARTERED ACCOUNTANTS

Independent Auditor's Review Report on the Quarterly and year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements, 2015, as amended

Review Report To The Board of Directors of Allied Digital Services Limited

We have reviewed the accompanying statement of Consolidated unaudited financial results of Allied Digital Services Limited ("the Parent") and its subsidiaries and associate (the parents, its subsidiary and associate together referred as "the Group") for the quarter ended December 31, 2019 and year to date from April 1, 2019 to December 31, 2019 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ("Listing Regulation").

The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting (Ind AS 34) specified under section 133 of the Companies Act, 2013 read with rule 3 of the Companies (Indian Accounting Standards) Rules 2015 as amended is the responsibility of the Company's management and has been approved by the Board of Directors of the company. Our responsibility is to express a conclusion on the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion.

We also_ performed procedures in accordance with the SEBI_ Circular CIR/CFD/CMD1/44/2019 dated 29 March 2019 issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), to the extent applicable.

Based on our review conducted as above and based on the consideration of the reports of other auditors and the management of the parent company on the unaudited separate quarterly financial results and on other unaudited financial information of subsidiaries and associate, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Indian Accounting standard 34 ,Interim Financial Reporting (Ind As 34) specified under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognised accounting practices and policies, has not

Delhi Office : 53/27, Ramjas Road, Karol Baugh, New Delhi - 110 005. Tel: 011 - 2872 2s

SHAH & TAPARIA CHARTERED ACCOUNTANTS 12, Navjeevan Wadi, Dhobi Tatao, Mumbai - 400 002.

(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

We did not review the financial results and other financial information considered in the preparation of the Statement in respect of one subsidiary, whose financial result reflect total revenue of Rs. 6879 Lakhs and total profit of Rs. 179 Lakhs for the quarter and nine months ended 31 December, 2019. This interim financial result has been reviewed by other auditor whose report has been furnished to us by the management and our report on the statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary is based solely on the report of the other auditor.

We did not review the financial results and other financial information considered in the preparation of the Statement, in respect of seven subsidiaries, whose financial results reflect total revenue of Rs. 17 Lakhs and total loss of Rs. 3.66 Lakhs for the quarter and half year ended 31 December, 2019. These financial results and other financial information have been certified by the management and have not been reviewed by other auditors. In the opinion of the management these interim financial results/financial information are not material to the Group.

The statement also includes the Group's share of net loss of Rs. 0.22 Lakhs for the quarter and nine months ended 31 December, 2019, in respect of one associate, whose financial result and other financial information have not been reviewed by any other auditor and are considered in the preparation of the Statement based on their interim financial results / information which are certified by the management. Our report, in so far as it relates to the affairs of such subsidiaries and Associates, is based solely on the management accounts of these entities. In the opinion of the management the interim financial results/financial information of this associate is not material to the Group.

Our report on the statement is not modified in respect of this matter.

For Shah & Taparia Chartered Accountants istration No: 109463W - 4 o/ Membership Number: 103840 UDIN No: 20103840AAAACU6268 Place of Signature: Mumbai Date: 04" February, 2020

Branch Office : B- 502, 5th Floor, Business Square, Solitare Corporate Park, Chakala, Andheri Kurla Road, Andheri East, Mumbai - 400 093. Tel.: 022 - 4211 6800 - Fax : 022 - 4211 6868

Delhi Office : 53/27, Ramjas Road, Karol Baugh, New Delhi - 110 005.-Tel.: 011 - 2872 2222 / 33333 -E-mail : delhi@shahtaparia.com

		Registered Office: Premises No.13A, 13th Floor, Earnest House, Back Bay Reclamatio. MCPA Road, Block III, Nariman Point, Mumbar 400 021	Allied Digital Services Limited (CIN : L72. '41995PLC085488)
		Statement of Consolidated Unsudited Financial Results for the Quarter and nins months ended December 31, 2019						(Rs. In Lakhs, unless currwise stated)
	Sr. No.	Particulars	31st Dec 2019	Quarter Ended30th Sept 2019	Consolidated31st Dec 2018		Nine Month Ended	Year Ended
	1a)	Income from Operations	(Unaudited)	(Unaudited)	(Unaudited)	31st Dec 2019(Unaudited)	31st Dec 2018(Unaudited)	31st March 2019Audited
	b)	Revenue from Operations (Net of excise duty)Other IncomeTotal income from Operations (net)	8,40827	8,13036	6,263249	24,001
	$\overline{2}$					125	18,169309	23,973412
	a)	ExpensesPurchase & other direct Expenses	8,4365,093	8,166	6,512	24,127	18,479	24,384
	b)c)	Changes in inventoriesEmployee benefits expense	(17)	4,795(17)	3,9234	13,777(93)	10,691(26)	13,456(72)
	d)e)	Finance Costs	1,581134	1,052154	963179	3,736473	2,822748	3,6571,003
	f)	Depreciation and amortisation expenseOther expenses	532730	531892	542755	1,5902,635	1,6182,025	2,1623,078
	3	Total ExpensesProfit / (Loss) from operations before exceptional	8,054	7,407	6,365	22,118	17,877	23,283
	4	items (1-2)Exceptional Items	382	759	146	2,008	602$\overline{a}$	1,102351
	56	Profit / (Loss) from ordinary activities before tax (3 + 4)Tax expense	382	759	146	2,008	602	1,453
		Tax expense for current yearMAT credit	77	158(21)	45(34)	417(80)	124(61)	275(210)
	$\overline{7}$	Deferred TaxNet Profit / (Loss) from ordinary activities after tax (5 - 6)	$\overline{7}$298	8613	3798	261,645	111428	150
	8$\boldsymbol{9}$	Shares of Profit/(Loss) of Associates & Joint VenturesNet Profit / (Loss) for the Period (7 - 8)	298	(3)610	(3)95	(5)1,639	(9)419	1,238
	10a)	Other Comprehensive Income (after tax)Items that will not be Reclassified to P&L						1,238
	b)	Gratuity Acturial Gain/(Loss)Items that will be Reclassified Subsequently to P&L	(9)	(9)	9	(27)	27	(35)
		Exchange Difference on Monetary ItemsForeign Currency Translation Difference	۰(2)	(3)(2)	(3)	(56)(9)	(8)	٠
	1112	Total Comprehensive Income (after tax)Net Profit/(Loss) attributable to:	287	596	101	1,548	(5)433	1,203
		OwnersNon-Controlling Interest	294$\overline{7}$	340	109	1,221	375	1,196
	13	Paid-up equity share capital (Face Value of Rs.5/-)	2,510	(256)2,510	82,510	(327)2,510	(58)2,510	(7)2,510
	14	Earning per Share (of Rs. 5/- each) (notannualised):
	a)b)	BasicDiluted	0.590.59	1.221.22	0.200.20	3.283.28	0.850.85	2.472.47
		The above financial results are prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under Sec 133 of the Companies Act, 2013 read with rule 3 ofthe Companies (Indian Accounting Standards) Rules 2015 and the (Indian Accounting Standards) Ammendment Rules 2016
Notes :1)2)		The above results were reviewed and recommended by the Audit Committee and have been approved and taken on record at the meeting of the Board of Directors of the Companyheld on February 04, 2019.
3)4)		The Statutory Auditors of the company have carried out a Limited Review of the results for the Quarter and nine months ended December 31, 2019.Data related to shareholding pertains to parent company only.
5)		In accordance with Regulation 33 of the SEBI (LODR) Regulation 2015, the above unaudited Standalone Financial Results of the Compnay are posted on the Company's website i.e.www.allieddigital.net, on the webiste of BSE Limited (www.osendia.com) and the National Stock Exchnage of India Limited (www.nseindia.com) where the Company's shares are
	listed	Figures for the corresponding period / previous year have been rearranged and regrouped wherever necessary.				SERV
								Ror and on behalf of the Board ofAllied Digital Services Limited
6)Place:	Mumbai				ă$\Omega$	MUMBAI		BelasPrakash Shah (DIN: 00189842)

Place: Date:

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Mumbai Prakash Shah (DIN: 00189842) 04-02-2020

eddigital.net 49] 22 2282 2030 | www.a F: +91 22 6681 64 B: CIN : L72200MH1995PLC085488 MEA India | USA | UK | Australia | South- East Asia | E

NCPA Road, Block III, Nariman Point, Mumbai - 400 021.

Allied Digital Services Limited (CIN:L72200MH1995PLC085488)

	A Global IT Transformation Architect."
		Allied Digital Services Limited(CIN:L72200MH1995PLC085488)
	'Segment Wise Revenue, Results and Capital Employed						(Rs. In Lakhs)
				Consolidated
Sr. No.	Particulars	BstDec	Quarter Ended30thSept	SstDec	Nine Month EndedststDec		Year EndedMstDec 3istMarch
		2019	2019	(2018(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)	(2019	2018	2019(Audited)
1	Segment RevenueEnterprise Computing based Solutions	6,648	6,288	5,010	18,730	13,345	16,965
	Infrastructure Management based Solutions	1,664	4,552	4,253	4.643	4,825	6.878
	Unallocated	126	327	249	754	309	543
	TotalLess: Inter Segment Revenue	8,436-	8,166=	6,512:	24,127:	18,479-	24,385=
	Net Sales! Income from Operations	8,436	8,166	6.512	24,127	18,479	24,385
2.	[Profit before interest, unallocable exp. and Tax
	Enterprise Computing based Solutions	389	532	520	4,504	1,267	1,137
	Infrastructure Management based Solutions	659	912	1,057	2,567	3,679	4,768
	[Unallocated	:	:	:	:	:	2
	Totali) InterestLess:	1,048,134	1,444154	4,577,179	4,071473	4,946748	5,905928
	ii) Un-allocable net off	531	531	1,252	1,590	3,596,	3,876
	iii) Un-allocable income	=	=	-	-	2-5	n@
	Total Profit Before Tax	382	759,	146	2,008	602	4,402
3	[Capital Employed"
	(Segment Assets - Segment LiabilitiesTotal Capital Employed	=	z	-E	-E	s	:

is not able to allocate the asset and liabilities under different segments of the Company